Ostria Sergio J 4
Research Summary
AI-generated summary
ICF (ICFI) Exec VP Sergio J. Ostria Converts RSUs; Shares Withheld
What Happened
- Sergio J. Ostria, Executive Vice President of ICF International (ICFI), converted vested restricted stock units (RSUs) into common shares and was also credited with a new RSU award on 2026-03-20. The filing shows conversions of 1,237 + 887 + 406 + 317 = 2,847 shares (reported as "M" — exercise/conversion of derivative) and an additional grant/award of 3,766 RSUs ("A"). To satisfy tax withholding obligations, 106 + 136 + 296 + 412 = 950 shares were surrendered/withheld at $65.89 per share, totaling $62,595 (reported as "F" — payment of exercise price or tax liability).
Key Details
- Transaction date: 2026-03-20.
- Converted/Exercised (M): 2,847 shares (broken into 1,237; 887; 406; 317).
- Award/Grant (A): 3,766 restricted stock units granted (derivative).
- Tax withholding/Disposition (F): 950 shares withheld at $65.89 each for $62,595 total.
- Footnotes:
- F2: Each RSU equals one share of common stock.
- F3: RSUs granted under ICF’s 2018 Omnibus Incentive Plan.
- F4–F6: Entries correspond to 1st, 2nd, and 3rd vesting anniversaries per the plan (vesting schedule: 25% / 25% / 50% over three years).
- Shares owned after the transactions: not specified in the information provided in this summary.
- Filing timeliness: no late filing flag indicated in the provided details.
Context
- These transactions reflect RSU vesting/conversion and routine tax withholding (a cashless or net-settlement type action), not an open‑market sale for investment purposes. "M" entries denote conversion/exercise of derivative awards; "F" entries denote shares surrendered to cover taxes. Such withholding is an administrative step and does not necessarily signal insider buying or selling intent.